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Serbia Interest Rate

Serbia's interest rate remained at 5.75% in October 2025, unchanged from September 2025. The National Bank of Serbia maintained this rate to ensure price stability as inflation is expected to approach its target range by year-end. The NBS also considers global economic uncertainties and supports financial stability and economic growth which expanded by an estimated 2% in the first half of 2025. Serbia's record low interest rate was 1% in December 2020 and its record high was 6.5% in July 2023.

Historical Data (2015-2025)

(in %)
Date Interest Rate
Oct 09, 2025 5.75%
Sep 11, 2025 5.75%
Aug 07, 2025 5.75%
Jun 12, 2025 5.75%
May 09, 2025 5.75%
Mar 13, 2025 5.75%
Feb 13, 2025 5.75%
Jan 10, 2025 5.75%
Dec 12, 2024 5.75%
Nov 07, 2024 5.75%
Sep 12, 2024 5.75%
Aug 08, 2024 6%
Jun 13, 2024 6.25%
May 10, 2024 6.5%
Apr 11, 2024 6.5%
Mar 07, 2024 6.5%
Jan 11, 2024 6.5%
Dec 07, 2023 6.5%
Nov 09, 2023 6.5%
Oct 06, 2023 6.5%
Aug 10, 2023 6.5%
Jul 13, 2023 6.5%
Jun 08, 2023 6.25%
May 11, 2023 6%
Apr 06, 2023 6%
Feb 09, 2023 5.5%
Jan 12, 2023 5.25%
Dec 08, 2022 5%
Oct 11, 2022 4%
Sep 08, 2022 3.5%
Aug 11, 2022 3%
Jul 07, 2022 2.75%
May 12, 2022 2%
Apr 07, 2022 1.5%
Feb 10, 2022 1%
Jan 13, 2022 1%
Dec 09, 2021 1%
Nov 09, 2021 1%
Oct 07, 2021 1%
Aug 12, 2021 1%
Jul 08, 2021 1%
May 13, 2021 1%
Apr 13, 2021 1%
Mar 11, 2021 1%
Jan 14, 2021 1%
Dec 10, 2020 1%
Nov 12, 2020 1.25%
Oct 08, 2020 1.25%
Aug 13, 2020 1.25%
Jul 09, 2020 1.25%
Jun 11, 2020 1.25%
May 07, 2020 1.5%
Mar 11, 2020 1.75%
Feb 13, 2020 2.25%
Jan 09, 2020 2.25%
Dec 12, 2019 2.25%
Nov 07, 2019 2.25%
Sep 12, 2019 2.5%
Aug 08, 2019 2.5%
Jul 11, 2019 2.75%
Jun 06, 2019 3%
Apr 09, 2019 3%
Mar 07, 2019 3%
Jan 10, 2019 3%
Dec 07, 2018 3%
Oct 09, 2018 3%
Sep 07, 2018 3%
Jul 10, 2018 3%
Jun 08, 2018 3%
May 17, 2018 3%
Apr 09, 2018 3%
Feb 11, 2018 3.5%
Jan 15, 2018 3.5%
Dec 07, 2017 3.5%
Oct 09, 2017 3.5%
Sep 07, 2017 3.75%
Jul 10, 2017 4%
Jun 08, 2017 4%
Apr 11, 2017 4%
Mar 14, 2017 4%
Feb 11, 2017 4%
Jan 15, 2017 4%
Dec 08, 2016 4%
Oct 13, 2016 4%
Sep 08, 2016 4%
Aug 11, 2016 4%
Jul 07, 2016 4%
May 17, 2016 4.25%
Apr 07, 2016 4.25%
Feb 11, 2016 4.25%
Jan 15, 2016 4.5%
Dec 10, 2015 4.5%
Oct 15, 2015 4.5%

Recent Events

datetime event actual previous consensus
2025-10-09 06:00 AM Interest Rate Decision 5.75% 5.75% -
2025-09-11 06:00 AM Interest Rate Decision 5.75% 5.75% 5.75%

Next Release Date :

Serbia Interest Rate : Definition
The Interest Rate set by the National Bank of Serbia is the benchmark cost of borrowing in the economy. It influences lending, spending, investment, inflation, and overall financial stability.